Costa Rican Businesses Prepare for the Chinese Market

Various economic sectors of Costa Rica are working to obtain preferential consideration in the Free Trade Agreement with China.

Tuesday, February 17, 2009

As an example, Florida Ice & Farm, which is already exporting its Imperial beer to the Asian country free of tariffs, wants that this preference to be consolidated into the Free Trade Agreement. Other sectors that have already eyed their position on the matter are sugar, ethanol, pasta, leather, meat, and fruit juice.

In her article in Elfinancierocr.com, Gilda González Sandoval reports on the conversations between both countries that, "In the first round of negotiations, both parties agreed that access will have four categories: 0% of an immediate tariff, five years of tax deduction, and a 10 year period. In addition, a special category will exist for the most difficult to negotiate products. For them, time frames longer than 10 years, quotas, contingencies, and other possibilities would also be considered."



Market Intelligence

Everything about sugar exports in Costa Rica.

Top exporters - Quantities, amounts and prices.

more info

More on this topic

Costa Rica: Sugar Industry Confident with China FTA

November 2009

Sugar growers are confident they will obtain access to China's market.

This is the opinion of Edgar Herrera, executive director of the Sugar Cane League, who also said that they "... are used to be one of the last negotiated items in Free Trade Agreements, as it is usually a sensitive product".

IV Round FTA China - Costa Rica in September

August 2009

In this negotiation round, the key topic is market access for products considered "sensitive".

In Beijing, from September 7th to 11th, negotiating teams from both countries will discuss special tariffs for specific products. It has already been agreed that 90% of the products will enter both markets tariff-free.

Brazilian Ethanol to US via Costa Rica

June 2009

Costa Rica will import raw alcohol from Brazil to dehydrate it and re-export it to the US with zero-tariff, in accordance with DR-CAFTA rules.

The Brazilian president's visit to Costa Rica formalized at the government level what was already in the works between businesses in both countries.

U.S. Not Respecting Costa Rica's Ethanol Quota

December 2013

Exporters of dehydrated ethanol claim that the U.S. is applying an ad valorem tax of 2.5% which is outside of the provisions of DR-CAFTA.

According to Anabel González, the Minister of Foreign Trade (Comex), Costa Rica has not exported the product during the second half of 2013, because the annual quota for receiving the benefits is 31 million gallons.

 close (x)

Receive more news about Agriculture & Food

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything.
Ideal area for living or developing an ecologically...

Stock Indexes

(Jan 17)
Dow Jones
-0.08%
S&P 500
-0.16%
Nasdaq
-0.42%

Commodities

(Jan 17)
Brent Crude Oil
56.34
Coffee "C"
152.3
Gold
1,212
Silver
17.125